Fair Math provides FHERMA, an automated Fully Homomorphic Encryption (FHE) challenge platform that uses competition-based FHE challenges to solve practical problems and build a library of FHE components for application developers. The company intends to expand operations and accelerate development using proceeds from its recent fundraise. Fair Math launched its first challenges in November 2023 and plans to run at least 25 FHE challenges during 2024. Led by founder and CEO Gurgen Arakelov, the company emphasizes that applied-mathematics backgrounds — not only cryptography expertise — can enable FHE application development. The pre-seed funding will support platform growth, challenge execution, and continued product development. Fair Math is headquartered in Dover, DE.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2024